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    4170 Broad St Columbus, OH 43228

    Sponsored
    For Sale
    $5,500,000

    Profitable Flea Market, 6 Acres, High Occupancy

    Property size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity: a thriving, turnkey flea market in Columbus, Ohio. This 50,000 square foot retail property, situated on six acres of land, boasts 100% occupancy and a strong historical performance, generating a net operating income (NOI) of $499,320 and an 8.30% cap rate. The property includes 616 rentable spaces, concessions, and "flealess" sales areas. The Westland Flea Market has a proven track record of success spanning over 30 years, with a significant waiting list of prospective tenants. Recent renovations (2023) encompass bathrooms, flooring, carpeting, plumbing, roof repairs, and new boilers, ensuring the property is well-maintained and ready for continued success. The property is zoned for commercial use and enjoys a prime location in a high-traffic area, conveniently situated off highway 270. The sale includes all equipment, inventory, and real estate. The property's parcel numbers are 140-005510 and 140-007169-00. A two-year lease term is available for multi-tenant occupancy. This is a rare opportunity to acquire a highly profitable, established business with significant upside potential.

    Property Features for 4170 Broad St

    General Information

    Property type
    Individual retail properties
    Square Feet
    50,000 SF
    Lot Size
    261,360 SF

    Building Details

    Year Renovated
    2023

    HighLights

    • Days on Market: 3
    • Sale includes building, equipment, and inventory
    • Mailing address: Columbus, Ohio
    • Located within the Westland Flea Market
    • Situated in Franklin Township
    Property Profile Location Intelligence

    Current Use by Public Records

    Westland Flea Market Flea Market Golden Nugget Jeweler Garcia's Lighting & Graphics ... Print Shop Pacos Ricas Botanas Store Botánica y Yerberia ... Metaphysical Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1128723
    Latitude
    39.9550464

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Flea Market, 6 Acres, High Occupancy
    Where is this individual retail property located?
    The property is located at 4170 Broad St Columbus, OH.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Days on Market: 3; Sale includes building, equipment, and inventory; Mailing address: Columbus, Ohio
    Request Owner's contact information
    4170 Broad St Columbus, OH 43228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4170 Broad St Columbus, OH 43228
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